---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-034237"
form_type: "8-K"
ticker: "IMAQ"
cik: "0001846235"
company_name: "International Media Acquisition Corp."
filed_at: "2025-04-22T23:59:59+00:00"
generated_at: "2026-05-23T09:30:29.900511+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# IMAQ enters $300M equity line with White Lion Capital; contingent on VCI Biofuels deal closing

## Summary
- Equity line of up to $300M (option to $500M) with White Lion Capital; company may require investor to purchase common stock.
- Purchase price: lower of prior closing or 98% of 2-day VWAP; max $5M per regular purchase notice, subject to volume limits.
- Investor receives $1M in commitment shares, issued upon BCA Closing with VCI Biofuels Group; registration required within 30 days.
- Drawdowns begin after business combination closes; commitment period ends after 36 months or when $500M is reached.
- Conditions include effective registration, no material adverse change, and beneficial ownership cap of 4.99%.

## SEC filing metadata
- accession: 0001213900-25-034237
- form_type: 8-K
- ticker: IMAQ
- cik: 0001846235
- company_name: International Media Acquisition Corp.
- filed_at: 2025-04-22T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1846235/000121390025034237/0001213900-25-034237-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1846235/000121390025034237/ea0239100-8k425_intern.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-034237
- JSON: https://secwatch.observer/filing/0001213900-25-034237.json
- Plain text: https://secwatch.observer/filing/0001213900-25-034237.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.